"Before setting off on the return journey to England, Tolkien bought some picture postcards. Among them was a reproduction of a painting by a German artist, J. Madelener [sic]. It is called Der Berggeist, the mountain spirit, and it shows an old man sitting on a rock under a pine tree. He has a white beard and wears a wide-brimmed round hat and a long cloak. He is talking to a white fawn that is nuzzling his upturned hands, and he has a humorous but compassionate expression; there is a glimpse of rocky mountains in the distance. Tolkien preserved this postcard carefully, and long afterwards he wrote on the paper cover in which he kept it: 'Origin of Gandalf'."—J.R.R. Tolkien: A Biography

While Carpenter stated Tolkien received the postcard in 1911, the artist's daughter was interviewed and stated the painting was most likely created in the mid to late 1920s. Carpenter notes that his statement was based on dated notes which accomopanied the postcard, therefore it is generally assumed the postcard was acquired sometime around the mid 1920s.

The owner of the original had met the artist twice and remembers Madlener as being tall (around six foot), and enjoyed cooking. When the man returned to visit Madlener in 1946 or 1947, he mentioned how much he loved the painting and Madlener sold the painting to him as he wanted the painting to have a good home.

The painting was then sold at Sotheby's lot 423 on July 12th, 2005. The estimated value was between £20,000 - 30,000.